| Ticker: CCWW | 724 Fifth Avenue | |
| Exchange: NASDAQ-Small Cap Market | New York, New York 10019 | |
| Industry: Wholesale | (212) 489-9686 |
| Type of Shares: | Common Shares | Filing Date: | 4/1/96 | |
| U.S. Shares: | 1,130,000 | Offer Date: | 6/5/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $7.00 | |
| Primary Shares: | 950,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 180,000 | Gross Spread: | $0.60 | |
| Offering Amount: | $6,780,000 | Selling: | $0.30 | |
| Expenses: | $550,000 | Reallowance: | ||
| Shares Out After: | 3,224,737 |
| Manager | Tier | Phone |
| State Street Securities | Lead Manager | |
| First Metropolitan Securities, Inc. | Co-manager |
| Auditor: Goldstein Golub Kessler & Company | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 1/31/96 | 1/31/95 | 1/31/96 | ||
| Revenue: | $10.43 | $1.20 | $0.77 | Assets: | $6.18 |
| Net Income: | -$0.10 | -$1.42 | $0.03 | Liabilities: | $5.80 |
| EPS: | -$0.08 | -$0.79 | $0.01 | Equity: | $0.38 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, imports and markets on a wholesale basis a broad range of men's footwear bearing the Cable & Co. trademark. The company markets its products to approximately 700 department and specialty store locations in the United States. The company's products are designed to appeal to fashion conscious consumers. The company's men's footwear consists of casual shoes and dress shoes. The retail price of the men's shoes sold under the Cable & Co. trademark ranges from $120 to $170 for casual shoes and from $150 to $190 for the company's dress shoes. The company has recently commenced selling a women's footwear line under the Cable & Co. trademark, consisting of women's dress shoes and casual shoes on an introductory basis at select retail locations. The company plans a full scale launch of the women's footwear line in the fall of 1996. The women's footwear sells for retail prices ranging from $130 to $150. In addition, the company markets a line of casual men's footwear under the name "Bacca Bocci" which sells for retail prices ranging from $110 to $140. The company has licensed the right to use the Bacca Bocci name from D&D; Design and Details Limited, an entity controlled by Alberto Salvucci, a principal stockholder of the company. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay bridge notes, redeem preferred stock, and for direct mail marketing, advertising and for working capital. |
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